The median asking price in River John is $187,500, less than the median three months ago which was $160,000 .
In Aug the median listed house price of $187,500 in River John was a below average compared to the rest of Nova Scotia.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
Can we guarantee how well River John is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In River John, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, River John needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in River John there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.